Brad Pitt reaches $20.5 million settlement with Katrina victims

Brad Pitt and the Make It Right Foundation that was it In 2018 because of poorly built houses In New Orleans after Hurricane Katrina, they settled their lawsuit for $20.5 million.

The initial settlement, which still needs to be approved by a judge, will be funded by Global Green, an environmental nonprofit that has agreed to cover settlement coverage that will fix defects in the homes.

According to The Times-Picayune / The New Orleans Advocatethe 107 homeowners in the program will be eligible to receive $25,000 each in compensation for past repairs.

“I am extremely grateful for Global Green’s willingness to step forward and provide this important support to the Lower Ninth Families,” Pete said in a statement Thursday.

vacant house.
The 2018 Oscar winner was sued for shoddy work done on homes sold to low-income families.
AFP via Getty Images

“We collaborated in the early days following Hurricane Katrina, and we are very fortunate for Global Green’s continued generous commitment to helping address challenges related to these homes and others in need. We hope this agreement will allow everyone to look forward to other opportunities to continue strengthening this proud community in the future.”

Residents of homes built by Make It Right are suing the Oscar winner and his partners for defective design and construction practices, breach of contract and fraud.

a house
Pete raised millions of dollars for a housing project in New Orleans.
AP

While the actor was the face of the organization, helping to raise millions of dollars to build homes that sold at about $150,000 each, he transferred day-to-day responsibilities to the foundation, only stepping back to help when Make proved unable to maintain the faulty homes, which It eventually led to a lawsuit.

“They believed in Brad Pitt. They believed in the dream he sold them to…Unfortunately, what they got was a bunch of broken promises…living in rotten homes that had to be torn to the ground and starting over,” class-action lawsuit attorney Ron Austin Ashley Banfield from NewsNation said: in February.

Brad Pitt
Many of the homes built by the House Foundation were poorly built.
Pictures via Getty Images

Pitt had previously petitioned to be removed from the suit, believing that he should not be held responsible for the actual construction of the project.

“Brad was one of the founders, but he hasn’t been on the board for years,” a former source told Page Six. “When problems arise, commit to helping correct them.”

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